AVP - DFX Confirmation

Ikya Human Capital Solutions Pvt Ltd
  • Mumbai
  • 10-15 lakh
  • 7-10 years
  • 04 Oct 2016

  • Risk Management

  • Banking - Retail
Job Description

Responsible for recruitment of staff and ensuring that all new joiners undergo standard training on derivatives products and processes
Setting staff objectives for ongoing staff development and conducting appraisals
Responsible for directing the day-to-day operations for the team, including:
o Allocation and oversight of daily tasks.
o Production of team MIS with detailed commentary for management reporting
o Management oversight of all KRIs and KPIs and addressing all high-risk metrics promptly
o Extensive knowledge of derivative products and the front-to-back processes within Post Trade Services, and ensuring that the knowledge is shared across the team
o Ensuring all applicable governance, compliance, risk policies and procedures are adhered to
o Oversight of UAT to ensure that quality testing is completed and all issues for the team are resolved
First level management escalation point for all high priority issues
Key representative from the department to engage in strategic initiatives discussions with colleagues globally and communicate the expected requirements and impact for the team.
Continual assessment of existing processes to identify innovative ways of improving team efficiency and client service
o Spearhead the process improvement initiative and carry out complex analysis to identify innovative solutions to deliver financial benefits for the firm
o Confident communication and presentation skills required to present the business case to senior management. Justify the initiative with cost savings to ensure management buy-in and ultimately the implementation of change.
Work closely with the Risk & Control function to address any control gaps identified and implement controls to mitigate the risk
Foster good working relationships with internal counterparts (i.e. Desk, Sales team, Trade Support, Confirmations , Legal, Finance) and external clients
Teams Main Duties
Trade affirmation
Production of ISDA paper trade confirmations for all vanilla and some complex Interest Rate and FX Derivative trades.
Incoming validation and matching of paper and electronic trade confirmations, including Swift and DSMatch.
Ensuring the firm is fully compliant with regulatory confirmation timeliness targets.
Responsible for the effective management and resolution of all affirmation and confirmation discrepancies.
Investigate and resolve all differences in a timely manner with clients.
Liaise with the Desk, Sales team, Trade Support, Settlements and other departments to resolve client queries.
Manage and effectively resolve all incoming queries from clients within a pre-agreed time-frame.
Contribute to the specification and testing of improvements for all systems and processes.
Uphold the controls and procedures for the team, review and update as necessary.
Prepare Local and Global MIS
Cross train on all functions performed within the team and across the department.

Competencies/Skill sets for this job

Dfx Trade Interest Rate Oversight Trade Confirmations Innovative Sales

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